An artificial person or legal entity created by or under the authority of the laws of a state or nation, composed, in some rare instances, of a single person and his successors, being the incumbents of aparticular oltice, but ordinarilyconsisting of an association of numerous individuals, who subsist as a body politic under a special denomination, which is regarded In law as having apersonality and existence distinct from that of its several members, and which is, by the same authority, vested with the capacity of continuoussuccession, irrespective of changes in its membership, either in perpetuity or for a limited term of years, and of acting as a unit or singleindividual in matters relating to the common purpose of the association, within the scope of the powers and authoritiesconferred upon such bodies by law.Law Dictionary: What is CORPORATION? definition of CORPORATION (Black's Law Dictionary)
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